203(k) Rehab Loans in Murfreesboro, TN
Finance Your Home Purchase & Renovation in One Loan

Looking at a fixer-upper in Murfreesboro or Rutherford County? An FHA 203(k) rehab loan lets you finance the home purchase and approved renovation costs in one mortgage. It’s the easiest way to buy an as-is property and bring it up to your standards without juggling multiple loans or large upfront expenses.

Why 203(k) Rehab Loans Are a Smart Choice in Murfreesboro, TN

Murfreesboro continues to grow rapidly, and many buyers are turning to established neighborhoods or older homes that could benefit from updates. A 203(k) loan provides a simple, affordable way to finance renovations while keeping everything in one mortgage. Borrowers choose this program because:

• You can consider homes needing updates—not only move-in-ready listings.
• You finance renovations as part of your mortgage, not a separate loan.
• You deal with one loan, one closing, and one monthly payment.
• Property updates can build long-term value in Murfreesboro’s competitive housing market.

What an FHA 203(k) Loan Includes

The FHA 203(k) program lets you finance both the home purchase or refinance and the cost of approved renovations. It’s ideal for everything from cosmetic updates to major structural improvements.

• Standard 203(k): For major renovations, structural repairs, additions, and system upgrades.
• Limited 203(k): For smaller, non-structural updates such as flooring, paint, cabinets, fixtures, and interior upgrades.

After closing, renovation funds are placed in escrow and released as work is completed and inspected. You end up with a fully updated home financed under one predictable monthly payment.

Who a 203(k) Loan Helps in Murfreesboro

• Homebuyers considering older homes needing updates across Murfreesboro
• Homeowners wanting to refinance and complete renovations
• First-time buyers wanting affordability with renovation flexibility
• Families wanting to modernize before moving in
• Buyers planning to build equity through thoughtful improvements

How a 203(k) Loan Works with Honor Home Loans in Murfreesboro

1. Identify the home and renovation needs. Whether purchasing or refinancing, outline the improvements you want to complete.
2. Meet with our Murfreesboro mortgage team. We break down eligibility, renovation rules, and the best 203(k) option for your goals.
3. Gather contractor bids and finalize your plan. Standard 203(k) loans require a HUD consultant to help confirm the renovation scope.
4. Underwriting reviews your application and the after-renovation value.
5. Close and begin renovations. Funds go into escrow and are released as work progresses.
6. Move into your updated home. Enjoy a modernized property with one loan and one monthly payment.

Popular 203(k) Renovation Projects in Murfreesboro

• Kitchen remodels and layout changes
• Bathroom updates and expansions
• New flooring, paint, lighting, and interior finishes
• HVAC, water heater, electrical, and plumbing upgrades
• Roof replacements, siding repairs, and exterior improvements
• Energy-efficient upgrades such as windows and insulation
• Structural improvements or room additions (Standard 203(k))

Disclaimer: The content on this page is based on regulations and information available at the time of posting, but may change without our knowledge. This content is intended for informational purposes only and does not constitute any legal or binding agreement.